The markets on August 5, 2019 opened gap down. BSE Sensex is trading at 36,725.29, down by 392.93 points and the Nifty is trading at 10,883.60, down by 113.75 points. 

Indian indices have gone through a bumpy ride for the last one year and the potholes are only getting deeper. The S&P BSE Sensex hit a 52-week high of 40,312.07 on June 4, 2019 and made 52-week low of 33,291.58 on October 26, 2018.

Home Minister Amit Shah proposes a bill to revoke Article 370, which accords special status to the state of Jammu & Kashmir. The Indian benchmark indices reacted sharply to the decision slipping more than 600 points in the early morning session.

Overall volumes in futures & options currently stand at 1,69,46,941 contracts with a turnover of Rs.11,42,376.65 crore.

Overall volumes in futures & options currently stand at 1,69,46,941 contracts with a turnover of Rs.11,42,376.65 crore.

The IPO of the NBFC-MFI opens for subscription. The offer was subscribed by 18 anchor investors at the upper end of the IPO price band set at Rs. 853 to Rs. 856 per share.

Formation of higher high-low confirmed by decisive close above the identical highs of the last two trading sessions, which is placed at 11,080 level, would give first indication of respite in the ongoing downward momentum. Stocks in news: Relaxo Footwears, Indian Overseas Bank, PNC Infratech, Corporation Bank, Federal Bank, Reliance Industries, SBI, Tata Power, Bank of Baroda, Adani Power, BEML, Cox & Kings, Jubilant Life Sciences and Punjab & Sind Bank. 

In the early action, SGX Nifty is trading with deep losses, courtesy sharp decline amongst Asian peers and lower closing on the Wall Street on Friday as hopes of trade deal with China faded. At the time of writing, SGX Nifty is trading down by 75 points at the 10,940 mark.

The stocks to watch out on August 5 include INOX, RPP Infra, Birla Corporation, Godrej Agrovet and SBI.

New Fund Offers (NFOs) that are open for subscription.